I don't know what to make of this. Why are they doing it piecemeal? A little chunk here. A little chunk there.

If there is ONE word that has defined my experience in this stock it's ANTICIPATION.

Excruciatingly long drawn out aaaaaaantiiiiiiciiiiiiiipaaaaaaaaaatiiiiiooooon!

The part that is worrying is that if it's taking this long to get financing for the Feb debt...you almost forget that there is another 400 Million due just 3 months later in May.

I would have felt ALOT better if they just announced that ALL of the Feb debt was refinanced NOW. Because the way they are doing it, just reinforces the impression that money is hard to come by.

With 250 million still left in the Feb debt, you then feel the true weight of the other 400 million due 3 short months later.

It's this heavy feeling that makes me feel all the "wishful" thinking that the recent RS & 4 Billion stock dilution proxy was just a formality ring hallow.

I truly feel Mel not only wants...but NEEDS to do this now...and it kills me as a long to think that my shares will be wiped out after all this time before they ever got a chance to make my money back.

The part that is worrying is that if it's taking this long to get financing for the Feb debt...you almost forget that there is another 400 Million due just 3 months later in May.

Remember, the $400 Mil due in May is not bond debt - big difference! Mel indicated that he's been in talks with the lender(bank) to extend the terms of that loan. Since it's in the bank's interest to get their money back, they're likely to agree to an extension. The next big issue will be the Dec 09 converts. Hopefully we'll be in a better position by then.

Having long since given up on my old dreams of seeing $4 or $5....I was going to "average" down one last time for another 5,000 shares so that if luck turns our way and the refinancing gets done without the MASSIVE dilution or RS in the proxy...that I could FINALLY get out if the stock pops to $1.25

I am sooooo tired of this stock and all the drama. Going on 4 years now. Enough.

Even the lowly LVLT which is also massively in debt and on top of the "most shorted" list...has doubled in the last two days and looks like it'll keep going up.

I just wish Sirius refinances this debt soon without the RS, so that us long suffering longs will have a chance to get some of their money back.

Shareholders are going to be poking their heads out of their ass if the balance of the 250 million is done through stock sales. We're talking about another 750 million shares at about 30 cents/share.

What I don't understand is why didn't Mel just sell an additional 150 million shares at 1.50 when he sold the ugly debt to close the merger. At least the the Feb converts would have been paid off for 1/6 of the shares needed being sold at prices of .43 & .29 so far and god knows what the balance will be sold at. It could even be more shares.

I don't think there is any way that these shares don't touch the lows again or worse before it's all over.